Downtown Kalamazoo Mixed-Use
For Sale
$690,000
321 S Kalamazoo Mall, Kalamazoo, MI 49007
Mixed-use building in downtown Kalamazoo with upgraded interior finishes.
Property Size18,000 SF
Lot Size0.14 Acres
Price / SF$38.33
Days on Market162
Property Features for 321 S Kalamazoo Mall
General Information
Standard status
Active
Size
18,000 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$28,000
Building Details
Year Built
1980
Units
3
Listing Agency:
Vernon Group Realty
(269) 353-1681
Listed By:
Matthew T Vernon · License #6501331622
(269) 353-1681
Source:
Elliman
Added: Mar 12
Changed: Aug 17
Last Checked: Aug 20 at 9:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vernon Group Realty
Investment Insights
Based on property information with market context.
This mixed-use building is located in downtown Kalamazoo. The building features upgraded interior finishes and is attached to the Epic Parking Garage. The property consists of 6,000 square feet per floor across three floors. The first and second floors are fully leased by two businesses under modified gross leases. The landlord offers caged storage and partially finished areas. The property is located within walking distance of downtown Kalamazoo's restaurants, brewpubs, coffee shops, and retail options. It is also located in a tax incentivized Opportunity Zone. The building is engineered to support the addition of one floor, utilizing all concrete steel construction. The property has an 8% cap rate.
Key Highlights
- 8% cap rate
- Located in tax incentivized opportunity zone
- Building attached to epic parking garage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in downtown Kalamazoo with upgraded interior finishes.
Where is this mixed-use property located?
The property is located at 321 S Kalamazoo Mall Kalamazoo, MI.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 8% cap rate; Located in tax incentivized opportunity zone; Building attached to epic parking garage
